XAGUSD approaching resistance, potential drop!

٧ مايو ٢٠١٩

Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop to our first support at 14.58 (horizontal swing low support) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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